Date:21/09/2006 URL: http://www.thehindu.com/2006/09/21/stories/2006092102231800.htm

Business

JHS Svendgaard to tap market

Corporate Reporter

Integrated complex in Himachal Pradesh

CHENNAI: JHS Svendgaard Laboratories is entering the capital market with its initial public issue of 67 lakh equity shares of Rs. 10 each at a premium. The issue is being made on 100 per cent book building process and the price band has been fixed at Rs. 49-58. The issue opens on September 26 and closes on October 4.

The company manufactures a wide range of dental and oral care products on a contract basis for domestic and global brands. It has three production facilities — two in New Delhi and a 100 per cent export oriented unit in Noida special economic zone.

Addressing presspersons here on Wednesday, Nikhil Nanda, Managing Director, said the company was now setting up an integrated manufacturing facility at Kala Amb, District, Sirmour in Himachal Pradesh and increasing the existing capacity of the export oriented unit at Noida.

The total cost of the new and expansion project had been estimated at Rs. 51.77 crore.